Search ForexCrunch
  • The recovery in the cross met strong resistance in the boundaries of the key 200-day SMA at 130.2, provoking failure and the ongoing knee-jerk after five consecutive daily advances.
  • Immediate target on the upside remains the 200-day SMA at 130.21. A sustainable breakout of this area should pave the way for a visit to late-August peaks around 130.90.
  • In order to reassert the upside pressure, EUR/JPY needs to break above the resistance line off YTD tops, today at 132.29.

EUR/JPY daily chart

 

 

 

 

 

 

 

 

 

 

 

EUR/JPY

Overview:
       Last Price:  129.74
       Daily change:  -12  pips
       Daily change:  -0.0924%
       Daily Open:  129.86
Trends:
       Daily SMA20:  128.91
       Daily SMA50:  129.91
       Daily SMA100:  129.49
       Daily SMA200:  130.29
Levels:
       Daily High:  130.16
       Daily Low:  129.39
       Weekly High:  129.34
       Weekly Low:  127.24
       Monthly High:  132.49
       Monthly Low:  126.63
       Daily Fibonacci 38.2%:  129.87
       Daily Fibonacci 61.8%:  129.69
       Daily Pivot Point S1:  129.45
       Daily Pivot Point S2:  129.03
       Daily Pivot Point S3:  128.67
       Daily Pivot Point R1:  130.22
       Daily Pivot Point R2:  130.58
       Daily Pivot Point R3:  130.99